PetSmart (PETM) Debt Trading 1.5% Lower

An issue of PetSmart, Inc. (NASDAQ:PETM) debt fell 1.5% against its face value during trading on Wednesday. The high-yield debt issue has a 7.125% coupon and is set to mature on March 15, 2023. The bonds in the issue are now trading at $64.75 and were trading at $63.88 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its stock price.

PetSmart, Inc. (NASDAQ PETM) remained flat at $$82.98 during trading hours on Friday. PetSmart, Inc. has a 1-year low of $55.00 and a 1-year high of $83.49. The firm has a market capitalization of $8,250.00, a P/E ratio of 19.48 and a beta of 0.54.

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PetSmart Company Profile

PetSmart, Inc is a United States-based company, which is a pet retailer of services and solutions for the needs of pets. The Company provides a range of pet food and pet products. The Company offers dog training, pet grooming, pet boarding, PetSmart Doggie Day Camp day care services and pet adoption services in-store.

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